DEXWireNews

Progress Software could be a rewarding long into earnings.

Long
NASDAQ:PRGS   Progress Software Corporation
Progress Software (NASDAQ:PRGS) is scheduled to announce Q2 earnings results on Thursday, June 27th, after market close. PRGS looks very appealing pre earnings as it has quite a good record of earnings beats and given the fact that the stock is now about to fill post earnings gaps on the chart, we think a notable bounce could be on the way very soon if not tonight.

COMPANY ANNOUNCEMENT Progress PRGS, +0.99% the leading provider of application development and digital experience technologies, today announced that Schneider Electric, a $30B global energy management company, has used the Progress® Kinvey® high productivity app development platform to transform its mobile user experience.

COMPANY PROFILE
Progress Software Corp. engages in the provision of a platform, which develops and deploy mission-critical business applications. It operates through the following business segments: OpenEdge Business; Data Connectivity and Integration; and Application Development and Deployment. The OpenEdge Business segment provides product enhancements and marketing supports for the partners to sell more of its existing solutions to their customers. The Data Connectivity and Integration segment focuses on the growth of the data assets of the company, including its data integration components of the cloud offering. The Application Development and Deployment segment generates net new customers for the application development assets of the company. The company was founded by Joseph Wright Alsop, Clyde Kessel and Charles Arthur Ziering in 1981 and is headquartered in Bedford, MA.

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